Indian shares are expected to open higher on Wednesday, buoyed by data showing industrial production grew 7.3 percent in June, the fastest pace in nearly two years. The strong IIP reading, which compares with 2.2 percent a year earlier and 5.1 percent in May 2026, lifted sentiment alongside mostly positive global cues. However, gains may be tempered by renewed Middle East tensions and caution ahead of the U.S. Federal Reserve meeting. On Tuesday, benchmark indexes Sensex and Nifty ended marginally lower, while foreign investors turned net buyers of shares worth Rs 755 crore after four sessions of selling.